Bottlers Nepal Director Appointment Update and Board Changes

8th January 2026, Kathmandu

Bottlers Nepal Limited, the authorized bottler of The Coca-Cola Company in Nepal, has successfully concluded its 47th Annual General Meeting (AGM) held on Poush 23, 2082 (January 7, 2026). During this session, the company reached a significant milestone in its corporate governance journey by approving the appointment of new directors. These changes are designed to enhance the representation of public shareholders and integrate independent expertise into the company’s strategic decision-making process.

Bottlers Nepal Director Appointment

The meeting, held at Hotel Yak and Yeti in Kathmandu, focused on aligning the board’s structure with the latest regulatory frameworks, specifically the Securities Registration and Issuance Regulations, 2073, and the Securities Listing Bylaws, 2075.

Enhancing Public Shareholder Representation

A major highlight of the 47th AGM was the formal appointment of Narmadeshwar Narayan Singh as a director representing the public shareholders. In many listed companies, the board is often dominated by promoter groups; however, Nepal’s securities laws mandate the inclusion of directors who specifically represent the interests of small and retail investors.

The role of a public shareholder director includes:

Protecting Minority Interests: Ensuring that the decisions made by the board do not unfairly disadvantage small-scale investors.

Improving Communication: Serving as a bridge between the general public shareholders and the company’s executive management.

Balanced Oversight: Providing a different perspective on dividend policies, expansion plans, and financial transparency.

Narmadeshwar Narayan Singh, who also serves as the Chairperson of both Bottlers Nepal Limited (Balaju) and Bottlers Nepal (Terai) Limited, brings extensive experience in navigating the regulatory and operational landscape of the beverage industry in Nepal.

Appointment of Siddhant Raj Pandey as Independent Director

Further strengthening its commitment to objectivity, Bottlers Nepal Limited has appointed Siddhant Raj Pandey as its new Independent Director. This appointment follows the vacancy left by Mr. Kishore Kumar Maharjan. Independent directors are essential for maintaining ethical standards and providing unbiased judgment, as they have no material or pecuniary relationship with the company or its promoters.

Siddhant Raj Pandey is a highly respected figure in Nepal’s financial sector. He currently serves as the Chairman and CEO of Business Oxygen (BO2), the first International SME Venture and Climate Impact Fund in Nepal. His background in private equity, banking, and international finance is expected to provide Bottlers Nepal with high-level strategic guidance, particularly in areas of risk management and environmental, social, and governance (ESG) standards.

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Financial Context and Shareholder Outlook

The board changes come at a time when Bottlers Nepal is navigating a complex economic environment. While the company reported a sharp rise in net profit during the first quarter of the current fiscal year (2082/83)—with Bottlers Nepal Balaju quadrupling its profit to 321.6 million rupees—the board decided not to distribute a dividend for the preceding fiscal year 2081/82.

Key Financial Highlights (Q1 2082/83):

Net Profit: 32.16 crore rupees (up from 8.43 crore in the previous year).

Revenue from Operations: 3.69 billion rupees.

Earnings Per Share (EPS): 608 rupees (annualized).

Net Worth Per Share: 3,350 rupees.

The decision to retain profits is often seen as a strategic move to strengthen the company’s internal reserves for future capital expenditure or to manage upcoming debt obligations. With the newly appointed directors, the board is now better positioned to evaluate these financial strategies through a more transparent and inclusive lens.

Impact on Corporate Governance and Investor Confidence

The restructuring of the board is a proactive step toward complying with the Corporate Governance Directives for Listed Companies. By integrating an independent voice like Pandey and a dedicated public representative like Singh, Bottlers Nepal is signaling its intent to operate with a higher degree of accountability.

This move is particularly significant for the Nepalese capital market, where transparency in multinational subsidiaries is closely watched. Strong governance structures are proven to attract institutional investors and can lead to a more stable valuation of the company’s stock (BNL) on the Nepal Stock Exchange (NEPSE).

Conclusion

The 47th AGM of Bottlers Nepal Limited has set a new standard for the company’s leadership. With the appointment of Narmadeshwar Narayan Singh and Siddhant Raj Pandey, the board is now a blend of deep industry knowledge and independent financial expertise. As the company continues to see strong growth in its quarterly profitability, the enhanced board oversight will be crucial in ensuring that this growth is sustainable and that the interests of all stakeholders—from large promoters to individual retail investors—are protected.

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